TECHNICAL CONCEPTS
ERC-721 (Ethereum Request for Comment 721)
Definition
ERC-721 is the technical standard for non-fungible tokens (NFTs) on Ethereum. It defines how to create unique, indivisible tokens that can represent ownership of digital or physical assets.
Example
Example
CryptoKitties and most NFT collections follow the ERC-721 standard to ensure compatibility with wallets and marketplaces.
Risks to Consider
Risks
- Standard limitations
- Gas costs
- Compatibility issues
